Advanced Energy For Life

Every day our lives are shaped by what we see, where we go and what we do, and these actions are greatly attributed to modern conveniences powered by low cost electricity from coal. In just one day, the world is energized by 21 million tonnes of coal. Coal fuels more energy than any other source and is by far the world’s lowest cost major source of power.

The energy decisions we advance today must ensure a clean, reliable supply of affordable electricity for all people around the world, says Peabody Energy Executive Chairman Greg Boyce. Greater use of high-efficiency, low emissions technologies can help achieve these objectives.

Carbon taxes and renewable mandates drive electricity prices up. The experience in Australia offers a dramatic example. Australia elected a new government with the mandate to repeal the carbon tax in 2014, which was estimated to cost the economy more than $20 million a day. Australia has some of the highest electricity prices in the developed world.

The United States can learn a lesson from Down Under by rejecting costly proposed carbon rules on power plants.

There is an increasingly robust debate about America’s energy future playing out across There is an increasingly robust debate about America’s energy future playing out across the nation from the White House… to the Halls of Congress… to the corner coffee shop. Few could argue that alleviating energy inequality is a first order priority. Yet the policies the Administration is pursuing here and around the world suggest America has lost its way.